It's not unusual for parents to have at most one credit card available for their children. And it's even more common to find a credit card for teenagers in the hands of recent high school graduates. Recent graduates and parents revealed that 23% have at least one credit card for their children. One popular credit card for teens is the Capital One Travel Rewards. This card offers 5% cashback when you travel.
Secured Sable 1 Credit Card
Secured Sable ONE Credit card is a great choice for teenagers with poor credit. This card gives cash back at certain stores and has no annual fee. You can also track your milestones with the app. If your child just graduated highschool, the first Sable credit cards could provide them with an extra $30 per monthly.
The 98% approval rate of this credit card makes it great for teens. There is no credit check. Sable One credit cards offer 2% cash back on certain purchases and 1% on all purchases. Sable One also offers dollar for dollar cash back match. This card is great for teens with bad credit ratings or who don’t want credit checks.
Discover it Secured Credit Cards
Secured credit card are an excellent option for teenagers because they build credit history while offering low interest rates. You should be aware that these cards come with certain rules. Teens, for example, should set a spending limit and track purchases. By doing this, teens will learn how important it is to make timely payments and avoid becoming legally responsible for debt.
Secured credit card are great for teenagers as they don’t require a credit check. They don't have annual fees. Many cards offer rewards, as well as no foreign transaction fees. These are important features for teens.
Citibank Freedom
The Capital One Quicksilver Cash Reward Credit Card is the perfect choice, whether you are shopping for teenagers or searching for a secured credit card. This credit card features a simple rewards scheme and a $200 signup Bonus. This card offers unlimited 1% cashback on all other purchases. There is no expiration or annual fee.
It is a great idea to get a credit score for your teenager. It reports to the major credit bureaus. This will be useful when you apply for future loans. The majority of cards don't have annual fees or high interest rates. This will allow them to save money on purchases. These cards can be a great way for your teenager to build credit and become financially responsible.
Chase Freedom
You might consider getting a credit card for your teenager. You can avoid unwelcome situations such as theft and damage to your property by using a credit card to establish their credit. Most credit cards have features that let you set spending limits for authorized users. These cards can also allow you to receive rewards for purchases made on your card. Family-oriented cards may offer additional benefits or points for purchases.
Discover it credit credit card can be used to get your teenager on the credit ladder. Young adults with decent credit ratings are eligible for this card, provided they have at least 690. This card isn't recommended for frequent shoppers, because it has severe penalties for missed payments as well as a 3 percent foreign transaction fee. This card is worth considering if your plan to dine out with the card. It also offers an impressive cash back offer for the first 100,000 ThankYou points you earn with the card.